Missing out of the city was accused of helpless to the capital game

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; Only after 6 years, the so-called "frozen industry's first listed stock" of the missing food has been proud no longer.





October 15, Miss Li Wei, chairman of the food company, announced the launch of the stock privatisation repurchase, to be returned from the Singapore stock market. In accordance with the Singapore Exchange rules, Miss Food will be in the next approximately 100 days to complete the delisting process.





"Investor" reporter recently called Miss Food inquiries after the follow-up arrangements for the city, and other issues, its media reception in charge of "the leadership of business travel" as a refusal to interview.





and observe missing food market six years of development is not difficult to find, once known as "the largest domestic frozen foods enterprises" missing not with the listing more beautiful. According to the data, 2007 missing food sales or 2.217 billion yuan, to 2011 to 1.83 billion yuan.





expert analysis that the missing from Singapore is a smart move is also helpless, the past few years compared to the domestic a-share listed competitors three whole food, the gap is more and more obvious. And this is mainly due to the missing "do not work", the diversification of its strategy is to be placed in food brands, product innovation, terminals and other aspects of energy.





to retreat from the city is helpless to lift





listed six years later, the missing food major shareholders finally chose to withdraw from the Singapore stock market. October 15, Li Wei announced that its concerted action to issue a privatisation offer, the acquisition of missing food in the circulation of shares, offer price of 0.186 yuan/share, the day, Miss Food Rose 6.7%, close when the price near 0.19 yuan/shares.




Prior to the privatization of
, the majority shareholder, Li Wei, directly or indirectly holds a 46% stake in the missing food, and its unanimous action holder holds 13% of the shares. Li Wei and the concerted action person to buy back the stock is 41%, and this part of the value of the shares, about 533 million yuan RMB.





Li's reasons for this retreat are realistic: "The market is light, illiquid, and refinancing difficult, which is costly and meaningless to maintain a listed company." At the same time due to trading volume is depressed, many investors exit difficulties, large shareholders to buy to give everyone a good opportunity to withdraw. ”





"Missing the city is a good thing, it can increase its right to speak and make its decision-making more free." Li Dongming, chairman of Beijing Fangyuan Consulting Co., said to the investor news reporter. But he also thought that it was also a helpless move, "at first, Miss may have some benefits; but as the overseas stock market is depressed, the more difficult it is to profit from it, it is limited to the plight of public listing." ”





data show that in August 2006, the missing food in the Singapore Exchange public offering 375 million shares, the issue price of 0.54 SGD/shares, about 11 times times P/E. At first, the missing food stock price was higher, was optimistic about the industry, and in 2007 set a new 2.52 yuan/stock record, but then the scenery no longer. In October of that year, Miss food prices began to fall continuously, in 2008 even below the IPO price.





"Frozen First" nominal





Miss is the first listed frozen food enterprises, followed by the 2008, miss the same city competitor three Whole Foods in a A-shares listed, three-whole food distribution price of 21.59 yuan, the issuance of P/E multiples of 29.99 times times.





Evening Liang three full food in the A-share market sold nearly 30 times times the price-earnings ratio, even in today's a a-share of the dismal weakness, as of October 25 close, the three full-price P/E is still 38.9 times times, the market value of 4.757 billion yuan, almost the missing food 4 times times.





three whole and missing main business are frozen food, from Zhengzhou, Henan, both sides of their introduction is also "first". However, in the opinion of experts, the missing "first" some "nominal".





"In fact, missing sales situation has been less than three whole, I did not understand the missing ' domestic first ' is who gave the title. Food expert Wang Guanqun said in an interview with the investor newspaper.





Reporter noted that from the beginning of 2009, three full food in the operating income of more than the yearning to sit firmly in the business of the big head. 2011, the three total food business receipts amounted to 2.626 billion yuan, an increase of 36.55%.





"2008 Olympic Games, Miss Food as a sponsor of the big publicity can be said to have reached the peak; in 2009, the market situation is not good, especially in the 2011 quality problems after exposure to the impact of its operating income, more opened its and ternary food distance. "Li Dongming analysis.





diversify the energy





"Miss in the food industry, the investment in more than three obviously to conservative." "An unnamed person who once missed the food job told the investor newspaper. In his view, this is mainly due to the yearning for food diversification development strategy has dispersed its food industry in the investment energy, which is leading to its and three whole food gradually drift away the main reason.





Miss Li Wei once said, in the process of China's transformation, there are some quick money if it is too bad to earn. He said so, and did so. From August 2006 and February 2008 missing food and the central Grand View in Singapore listed successively, to now operation Miss Green landscape and many other real estate, and then to Du Kang reorganization, Cheung Lung renamed and to Taiwan financing, can well illustrate this point.





recently has been rumored to be "missing food to purchase the U.S. navigation aircraft manufacturing enterprises." Miss Food although has been denied and said that there is no cross-industry investment plans, but this can reflect the diversity of thinking style.





"Whether it is real estate projects or equity investment, in Li Wei's eyes, are investment tools." His modus operandi is that the tree is a sign, then a group of people borrow a good brand image to help him to operate, whether it is real estate, building flowers, or his other projects are the combination of resources of the carrier, these carriers can be bigger and stronger is not the ultimate goal, the key is to borrow its carrier in the process of resource combination to obtain profits. All he had to do was sell a good price. "The above analysis of insiders.





Wang Guanqun also think that miss more good at capital operation, not as clear as the three-full governance structure.





　　Comparison is not difficult to find, three have been Benbon to do food, neither to diversify, nor in the capital market to make money, the development of sound; yearning for capital operation in recent years, engaged in a series of big moves, earning a lot of quick money, also buried a lot of risk, From recent years missing food has been declining business income and frequent quality accidents can be seen.